Aluminium Bahrain (Alba), a leading international aluminium smelter, officially launched Tim’s Academy, an in-house initiative, in the presence of executive management, directors and managers.
The petrochemical industry in the Gulf region grew at 3.7 per cent in 2016 reaching 150 million tonnes of capacity, according to an annual study by the Gulf Petrochemicals and Chemicals Association (GPCA), outpacing the global average growth of 2.2 per cent.
Alstom, as a part of Fast consortium, has handed over to Arriyadh Development Authority (ADA) the first of the 69 metro trainsets that will circulate on Lines 4, 5 and 6 of Riyadh Metro. The production of the metro trainsets is well on track and Alstom has set to meet its deadline and deliver all the metro trainsets by end 2018, a statement said.
The total investment in the GCC’s industrial sector is estimated at $394.9 billion, with 17,596 factories employing approximately 1.66 million workers, according to a senior official at Gulf Organization for Industrial Consulting (GOIC).
The steel manufacturing sector in UAE is seeking further support from the Gulf countries to prevent dumping of cheap steel imports in the country, according to a leading steel manufacturer.
Investcorp's portfolio company NDT Corrosion Control Services Co (NDT CCS) has announced the acquisition of a majority stake in Hi-Tech Inspection Services, Oman’s largest provider of industrial non-destructive testing (NDT) and inspection services. Hi-Tech’s founders Al Sulaimi Group Holding established the company in 1996.
As Much as BD106 million ($281 million) in foreign direct investment (FDI) was injected into Bahrain’s economy through the efforts of the Economic Development Board (EDB) during 2016, its head revealed.
Yusuf Bin Ahmed Kanoo Group (YBA Kanoo), one of the largest family-owned multinational businesses in the Middle East, has announced that its courier service, KRT, has been acquired by Fetchr in a move to enter a new partnership that will elevate the service levels for its customers with cutting edge technological solutions.
Total energy investments in the Middle East and North Africa (Mena) region are likely to hit the $1-trillion mark over the five years with the GCC countries spearheading the growth, according to a report.
Sharjah has announced plans to develop the region’s largest city dedicated to food and commercial industries spread over a total area of more than 11 million sq ft in Hamriyah Free Zone (HFZ).
Unipart Rail to set up Saudi JV UK-BASED Unipart Rail, a leading supplier of services to the rail industry, said it will join hands with Arabian Railway Company to set up a new company that will deliver world-class projects, supply chain services and consultancy in Saudi Arabia.
Dubai Investments, a leading, diversified investment company, has achieved consistent growth in its manufacturing business with total assets in the sector increasing to Dh3.05 billion ($830.4 million) as on December 31, 2016. The figure constituted 19 per cent of the company’s total assets worth Dh16.11 billion ($4.
Qatar Solar Technologies (QSTec), a leading solar company, said that it has produced its first polysilicon at its 8,000 metric tonnes per annum (mtpa) manufacturing facility in Qatar.